Tencent leads $60m round for Hong Kong online brokerage
Wednesday, August 05, 2015
(AVCJ by Tim Burroughs) – Tencent Holdings has led a Series B round of funding worth $60 million for Hong Kong-based online brokerage Futu5.com, with participation from Matrix Partners and Sequoia Capital.
Futu5 is a Hong Kong-registered securities broker focused on the Hong Kong, US and China A-share markets. Founded two years ago, it has accumulated 300,000 customers and generated more than HK$100 billion ($12.9 billion) in turnover. Monthly turnover is now around HK$20 billion.
